Yes, there is no income limitation. The subtraction is an adjustment to income for educational expenses paid for K-12 student qualifying children. A qualifying child for this subtraction is the same definition as for Federal Earned income tax Credit. A qualifying child is:
- Younger than the taxpayer and under age 19, or under age 24 and a full-time student, or any age and permanently and totally disabled,
- Who lived with the taxpayer for more than half of the year, and
- Who did not provide over half of his or her own support,
- Who is the taxpayer’s son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister, half brother, half sister, or a descendent of any of them (for example, a grandchild, niece, or nephew).
Generally, any purchase related to K-12 educational expenses or after school programs qualify. The adjustment is taken on Sch M1M as a subtraction from Minnesota income. Here is a link with more specific information on this program
